The Van Morrison oificial Belfast
Rhythm and Blues Foundation
Directors, report
for the year ended 30 June 2023
The Directors present their report together with the unaudited financial statements for the year ended
30 June 2023. When preparing their accounts the Directors have adopted the provisions of the Statement
of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in accordance with
the Financial Reporting Standard applicable in the UK and Ireland in preparing the annual report and
fllwicial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes
to the accounts and comply with the charities governing document, the Charities Act (NI) 2022, the Charities
Act 2008 (substitution of sums) Order (NI) 2015 and the Charities (accounts and report) Regulations (NI)
2015.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Van Morrison Official Belfast Rhythm and Blues Foundation, is a company limited by guarantee
governed by its Memorandum and Articles of Association. It has been granted charitable status by HM
Revenue & Customs, under reference XTI 77.
The Van Morrison Official Belfast Rhythm and Blues Foundation, was officially registered with the
Northern Ireland Charity Commission on 8 March 2016 under Charity Number NIC 104596.
Board of Directors
The Board of Directors administer the company. The board oversee the running of the charity.
Principal activity
The Van Morrison Official Belfast Rhythm and Blues Foundation organises and promotes selected
perfornvances and festivals from which Van Mo￿lSOn has determined that proceeds/surpluses will be
contributed to the Trust.
The objective of the company is:
Primarily to support musicians in the UK and Ireland who are suffering fmancial hardship.
In addition, the company aims to encourage the advancemenL appreciatio￿ promotion and
presentation of music and related heritage in the UK and Ireland.
The Directors have considered the Charity Commission's guidance on public benefiL including the guidance
'public benefit, running a ch￿lty (PB2). The company relies on Van Morrison, s participation to raise funds
throu￿} concerts to cover its operating costs.
Trnstees of the charity
The Directors of the charitable company are its trustees for puryx)ses of charity law and will be referred to
as Directors thmughout these flnancial statements. The Directors who have served during the year and since
the year end were as follows:_
Richard Waring
Shauna Morrison
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'I'he Van Morrison Uthclal Iseltast
Rhythm and Blues Foundation
Directors, report
for the year ended 30 June 2023
A Director may not act as a Director unless he/she:
l) is a Member" and
2) has signed a wrÉtten declaration of willingness to act as a charity Director of the Charity.
A Director's tenn of office as such automatically tern]inates if helshe:
l) is disqualified under the Charities Act from acting as a Charity Director"
2) is incapable, whether mentally or physically, of managing his/her own affairs.
3) a bankruptcy order is made against that person;
4) a composition is made with that person's creditors generally in satisfaction of that person's debts. and
5) resigns by written notice to the Directors (but only if at least two Directors will remain in office).
Directors, proceedings
A quorLlln at a meeting of the Directors is two Directors.
A meeting of the Directors may be held either in person or by suitable electronic means agreed by the
Directors in which all participants may communicate with all the other participants but at least one meeting
in each year must be held in person.
The Chairperson or (if the Chairperson is unable or unwilling to do so) some other Director chosen by the
Directors present presides at each meeting.
Any issue may be detern]ined by a simple majority of the votes cast at a meeting, but a resolution in writing
agreed by all the Directors (other than any Confiicted Director who has not been authorised to vote) is as
valid as a resolution passed at a meeting. For this purpose the resolution may be contained in more than
one document.
Every Director has one vote on each issue.
A procedural defect of wbich the Directors are unaware at the time does not invalidate decisions taken at a
meeting.
PUBLIC BENEFIT STATEMENT
The direct benefits which flow from the company's purpose are as follows:
The bonding of people together through the integration of people and culture through art and music
for the benefit of the general public in Northern Ireland.
The creation of opportunities to the general public in Northern Ireland to be further educated in the
Northern Irish culture as the song lyric content of many of Van Morrison, s songs deal directly with
the backstreets of Belfast and the working class world.
Educating the general public in Nortbern Ireland in the Celtic music tradition.
The assistance to local Northern Irish musicians who are in financial difficulty.
The benefits identified are demonstrated by:
Ticket sales for festivals and concerts.
Feedback from musicians who benefited from the delivery of this financial assistance.
PLANS FOR TItE FvfuRK
The organisation will continue to meet its objectives by raising future fimds through further perfonrvances
being made by Van Morrison.
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The Van Morrison Official Belfast
Rhythm and Blues Foundation
Directors, report
for the year ended 30 June 2023
FINANCIAL REVIEW
We aim to present a balanced and comprehensive review of the development and perfornwice of our charity
during the year and its position at the year end. Our review is consistent with the size and non-complex
nature of our charity and is written in the context of the risks and uncertainties we face.
The results for the year are set out in the Ststement of Financial Activities on page 7 and in the related notes.
Overall, the company had a net deficit in unrestricted funds of ql,380).
RESERVES POLICY
The unrestricted reserves of the company at 30 June 2023 amounted to £40,842, there are no restricted
funds. The board are satisfied that this level of reserves is sufficient for its inm]ediate needs and it would
be our long terni plan to build reserves to a level sufficient to meet the organisation's objectives and cover
overheads for a 12 month period.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The Directors are responsible for preparing the Directors, Report and the financial statements in accordance
with applicable law and regulations.
Company law requires the Directors to prepare financial ststements for each financial year. Under the law
the Directors have elected to prepare the fllwicial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under
company law the Directors must not approve the financial statements unless they are satisfied that they give
a true and fair view of the state of affairs of the company and of the profit or loss of the company for that
period.
In preparing these financial statements, the Directors are required to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principals in the Charities SORP 2019 (FRS 102).
Make judgements and accounting estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business;
State whether applicable UK Accounting Standards have been followed subject to any material
departures disclosed and explained in the financial statements.
The Directors are responsible for keeping adequate accounting records that ar¢ sufficient to show and
explain the company, s transactions and disclose with reasonable accuracy at any time th¢ fmancial position
of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Directors are aware:
There is no relevant inforniation of which the charitable company's accountant is unaware" and
The Directors have taken all steps that they ought to have taken to make themselves aware of any
relevant inforniation and to establish that the accountant is aware of that infonnation.
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The Van Morrison Offictsl Belfast
Rhythm and Blues Foundation
Directon, report
for the year end¢d 30 JuJJe 2023
SPECIAL PROVISIONS RELATtNG TO SMALL COMPANtKs
This ryrt has been prepared taking advatttage of the small companies exemption of Section 415A of the
Companies Act 2006,
On behalf of the board
Rieha
C¢)mpany Dlredor
Date:. 19 Apiil 2024
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